Bitcoin is on a tear in 2023. Here's where 4 crypto pros see the coin headed by the end of the year.
After a tumultuous 2022, bitcoin has increased more than 60% year-to-date and the cryptocurrency market's total value sits well above the $1 trillion mark.
First, bitcoin can't claim another all-time until the macroeconomic environment clears up, Charmyn Ho, head of crypto insights at digital asset exchange Bybit, told Insider. The crypto traded at a record of $67,566 in November of 2021, per"However, a possible headwind is the potential recession forecast to hit the US, Europe, and other major economies due to a stubbornly inverted yield curve," Ho told Insider.
"As we approach the next Bitcoin halving and crypto dominance looks set to peak, we're on the cusp of exciting developments in the crypto world."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Economist Peter Schiff Surprises Critics, Dives Into Bitcoin-Backed NFT Market – Bitcoin NewsSchiff and Price's unique digital collectibles will be minted on the Bitcoin blockchain using Ordinal inscription technology.
Read more »
Bitcoin Bear Trap Complete, Says Top TraderThe Bitcoin price might be on the brink of a significant rally
Read more »
Why have Bitcoin and crypto lost 60% of their market cap since their all-time highs?Cointelegraph analyst and writer Marcel Pechman explains why the cryptocurrency market has lost 60% of its market cap, with the S&P 500 only about 15% from its all-time high.
Read more »
Digital Currency Group to Sunset Tradeblock, Cites ‘Regulatory Challenges’ and ‘Prolonged Crypto Winter’ – Bitcoin NewsDigital Currency Group has revealed its decision to sunset its institutional crypto trading platform, Tradeblock, on May 31, 2023.
Read more »
Bitcoin-Based ‘Space Pepes’ Become Top-Traded NFT Collection | CoinMarketCapCryptoNews: In an unexpected turn of events, a Bitcoin-based project has emerged as the top non-fungible token (NFT) collection in terms of weekly volume.🔥
Read more »
Bitcoin miner Canaan’s net loss slightly improved in Q1 amid market turbulenceA combination of factors affected Canaan's results for the quarter, including low market demand, the ongoing crisis in the banking system, and the slow recovery of Bitcoin's price.
Read more »